17 January 2022
The Assessee is holding Proprietorship company, till F.Y.2020-21 income tax audit is not applicable, In F.Y.2021-22 Annual Turnover will be above Rs. 1 Cr.
we are paying rent Rs.38000/-p.m to landlord. I would like to know whether TDS on rent should we deduct 10% TDS from the first month of financial year or after crossing the limit of exemption of Rs240000/-.
17 January 2022
While searching in my query, I found one of the expert reply is Individual is required to deduct TDS only if his Books of accounts in preceding year audited under section 44AB of the income tax Act, 1961. is it right
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